Question & AnswerQ&A (PROCLAMATION NO. 526)
The purpose of Proclamation No. 526 is to create and designate a parcel of land located at Barangay Singalat, Palayan City, Nueva Ecija as an Information Technology Park pursuant to Republic Act No. 7916, as amended by Republic Act No. 8748.
The designation is pursuant to Republic Act No. 7916, known as the Special Economic Zone Act of 1995, as amended by Republic Act No. 8748.
The President of the Philippines has the authority to create and designate an Information Technology Park under RA No. 7916, upon the recommendation of the Board of Directors of the Philippine Economic Zone Authority (PEZA).
The parcel of land is located at Barangay Singalat, Palayan City, Nueva Ecija.
The Information Technology Park covers an area of Thirty Thousand Thirteen (30,013) square meters, more or less.
It is known as the Palayan City Government Center & Central Business Hub.
The Board of Directors of the Philippine Economic Zone Authority (PEZA) recommended its creation.
The establishment is subject to the provisions of RA No. 7916 as amended, its Implementing Rules and Regulations, PEZA Resolutions No. 00-411 (s. 2000), 04-295 (s. 2004), and 16-630 (s. 2016).
The technical description precisely identifies the boundaries, measurements, and location of the parcel of land to clearly demarcate the Information Technology Park.
The original survey was conducted from September 30, 1994 to October 30, 1994.
Once issued, the proclamation legally creates the designated area as a special economic zone under RA No. 7916, allowing it to enjoy benefits and incentives for such zones.